Emclaire financial corp (EMCF)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest and dividend income:
Loans receivable, including fees

7,981

7,993

8,170

8,113

8,231

8,325

6,688

6,678

6,337

6,406

5,966

5,801

5,565

5,483

5,444

5,185

4,702

4,526

4,382

4,470

4,200

4,819

4,140

4,089

4,030

4,182

4,114

4,098

4,200

4,224

4,389

4,288

4,312

4,407

4,345

4,305

4,332

4,505

4,424

Securities:
Taxable

664

653

583

530

492

481

464

439

408

407

421

392

395

391

396

441

434

440

481

520

524

540

521

493

404

388

440

470

417

483

617

578

568

608

643

582

537

642

732

Exempt from federal income tax

84

94

79

100

122

130

137

141

152

153

134

140

143

156

157

156

159

167

205

214

221

227

244

253

265

282

314

295

266

280

287

288

298

318

325

326

323

299

282

Federal bank stocks

108

103

104

112

100

76

65

93

64

64

64

61

53

51

49

52

34

31

30

29

74

33

33

44

35

25

18

17

17

20

15

15

15

15

13

14

13

10

11

Interest earning deposits with banks

66

169

251

99

47

56

112

83

33

83

98

38

16

24

48

43

20

19

15

19

15

24

30

27

11

11

12

18

14

17

17

29

22

32

40

54

47

63

68

Total interest and dividend income

8,903

9,012

9,187

8,954

8,992

9,068

7,466

7,434

6,994

7,113

6,683

6,432

6,172

6,105

6,094

5,877

5,349

5,183

5,113

5,252

5,034

5,643

4,968

4,906

4,745

4,888

4,898

4,898

4,914

5,024

5,325

5,198

5,215

5,380

5,366

5,281

5,252

5,519

5,517

Interest expense:
Deposits

1,940

2,042

1,938

1,636

1,471

1,448

1,183

1,102

991

999

824

749

703

701

781

721

588

531

532

535

546

564

616

607

561

568

662

805

838

941

1,008

1,027

1,069

1,126

1,178

1,209

1,175

1,328

1,407

Borrowed funds

273

-

233

236

301

-

142

141

158

135

322

318

313

228

308

296

244

90

155

177

182

78

174

149

180

-

-

-

-

-

238

235

234

-

275

332

341

415

455

Long-term borrowed funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

164

198

194

198

-

-

-

-

-

-

-

-

-

-

Total interest expense

2,213

2,268

2,171

1,872

1,772

1,669

1,325

1,243

1,149

1,264

1,146

1,067

1,016

1,007

1,089

1,017

832

708

687

712

728

740

790

756

741

782

860

999

1,036

1,165

1,246

1,262

1,303

1,362

1,453

1,541

1,516

1,743

1,862

Net interest income

6,690

6,744

7,016

7,082

7,220

7,399

6,141

6,191

5,845

5,849

5,537

5,365

5,156

5,098

5,005

4,860

4,517

4,475

4,426

4,540

4,306

4,903

4,178

4,150

4,004

4,106

4,038

3,899

3,878

3,859

4,079

3,936

3,912

4,018

3,913

3,740

3,736

3,776

3,655

Provision for loan losses

792

410

-145

270

180

300

300

300

380

270

270

201

162

-6

168

121

181

111

-102

203

169

161

163

183

163

141

143

153

143

567

1,359

115

113

100

80

120

120

113

225

Net interest income after provision for loan losses

5,898

6,334

7,161

6,812

7,040

7,099

5,841

5,891

5,465

5,579

5,267

5,164

4,994

5,104

4,837

4,739

4,336

4,364

4,528

4,337

4,137

4,742

4,015

3,967

3,841

3,965

3,895

3,746

3,735

3,292

2,720

3,821

3,799

3,918

3,833

3,620

3,616

3,663

3,430

Noninterest income:
Fees and service charges

451

535

531

536

555

603

528

463

437

458

448

435

408

452

433

386

345

363

387

378

349

413

411

394

378

419

428

428

398

449

428

375

356

382

395

373

340

340

364

Net realized gain (loss) on sales of securities

-

-

42

-1

-

-

-2

0

-7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain (loss) on sales of securities

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized gain (loss) on sales of securities

-

-

-

-

-

-

-

-

-

-

-

-350

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commissions on financial services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

5

5

5

8

13

9

10

48

76

64

83

158

139

86

124

92

141

163

212

150

Title premiums

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

6

11

19

16

15

8

22

6

27

22

21

13

16

17

23

11

25

29

36

24

Net realized gain on sales of securities

78

-

-

-

2

-

-

-

-

-

-

-

0

-1

0

81

2

287

533

34

0

9

91

0

658

49

107

99

85

8

390

538

424

-

0

378

-

629

301

Net gain on sales of loans

-

-15

77

38

14

-40

35

2

22

72

46

124

6

-2

121

0

0

-

0

-

-

-

-

-

-

-

9

-

-

-

0

-

-

-

-

-

-

-

-

Other than temporary impairment losses

-

-

-

-

-

-

-

-

-

-

0

508

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other than temporary impairment loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sales of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

104

-

-

Earnings on bank-owned life insurance

94

253

96

122

95

89

105

103

104

107

103

101

101

107

101

100

98

104

98

97

97

102

97

93

99

98

97

96

96

103

81

62

61

63

62

61

60

60

59

Gain on bargain purchase

-

-

-

-

-

-

-

-

-

-

1,307

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

402

186

463

436

391

546

396

481

343

382

370

366

341

365

357

375

335

388

334

328

317

338

306

318

287

298

307

305

266

319

303

291

275

272

265

244

234

196

199

Total noninterest income

1,025

994

1,209

1,131

1,057

1,198

1,062

1,049

899

1,024

2,274

868

856

921

1,012

942

780

1,088

1,379

848

779

886

929

833

1,439

896

1,002

1,031

931

880

1,373

1,421

1,219

864

825

1,222

930

1,473

1,097

Noninterest expense:
Compensation and employee benefits

2,912

2,847

3,187

2,787

2,917

2,827

2,519

2,521

2,453

2,300

2,288

2,347

2,323

2,146

2,259

2,177

2,048

2,101

2,003

2,050

2,069

2,039

1,825

1,832

1,943

1,868

1,847

1,932

1,905

1,686

1,678

1,867

1,943

1,750

1,737

1,742

1,889

1,755

1,777

Premises and equipment

794

837

810

840

886

901

736

758

770

773

718

726

758

740

732

692

685

682

646

655

668

649

634

604

600

572

516

527

542

484

509

500

518

526

530

559

579

526

529

Intangible asset amortization

42

41

44

45

46

62

67

68

69

69

58

59

60

61

60

56

49

48

49

49

49

48

54

57

57

57

67

73

73

73

86

93

93

93

110

119

119

141

152

Professional fees

221

264

278

165

221

256

243

254

216

266

157

216

202

331

172

190

183

256

181

178

201

199

142

183

163

202

158

178

177

162

135

175

200

169

192

163

182

134

165

Federal deposit insurance

103

6

0

131

136

142

103

151

137

118

115

102

108

111

123

89

93

89

92

98

97

110

90

88

88

135

99

102

105

105

92

94

96

-4

116

155

143

158

148

Acquisition costs

-

-

-

-

-

-

-

-

-

-

963

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition costs

-

-

-

-

-

-

677

358

-

-

-

106

-

-

0

92

309

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

1,418

1,480

1,439

1,362

1,353

1,379

1,210

1,135

1,091

1,319

1,143

1,121

1,170

1,072

1,148

1,168

651

953

956

981

880

933

936

942

1,371

896

856

820

773

873

857

835

783

756

710

1,039

671

1,190

693

Total noninterest expense

5,490

5,475

5,758

5,330

5,559

8,124

5,555

5,245

4,736

4,895

5,442

4,677

4,621

4,461

4,494

4,464

4,018

4,263

3,927

4,011

3,964

3,978

3,681

3,706

4,222

3,730

3,543

3,632

3,575

3,383

3,357

3,564

3,633

3,290

3,395

3,777

3,583

3,904

3,464

Income before provision for income taxes

1,433

1,853

2,612

2,613

2,538

173

1,348

1,695

1,628

1,708

2,099

1,355

1,229

1,564

1,355

1,217

1,098

1,189

1,980

1,174

952

1,650

1,263

1,094

1,058

1,131

1,354

1,145

1,091

789

736

1,678

1,385

1,492

1,263

1,065

963

1,232

-

Income before provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,063

Provision for income taxes

243

289

444

473

456

-102

187

282

266

1,135

392

314

273

368

297

287

296

263

460

247

171

374

241

216

217

202

272

206

233

99

67

422

346

339

214

215

182

271

220

Net income

1,190

1,564

2,168

2,140

2,082

275

1,161

1,413

1,362

573

1,707

1,041

956

1,196

1,058

930

802

926

1,520

927

781

1,276

1,022

878

841

929

1,082

939

858

690

669

1,256

1,039

1,153

1,049

850

781

961

843

Preferred stock dividends

-

-

-

91

-

-

-

-

-

-

0

-

-

-

-

-

-

0

25

25

25

25

25

25

25

55

115

125

125

125

118

125

125

120

201

98

98

98

98

Net income available to common stockholders

-

-

2,168

2,049

-

-

1,161

1,413

-

-

1,707

-

-

-

-

-

-

926

1,495

902

756

1,251

997

853

816

874

967

814

733

565

551

1,131

914

1,033

848

752

683

863

745

Average common shares outstanding (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,762

1,762

1,760

-

1,751,908

1,751

1,751

-

1,747

1,747

-

-

-

Earnings per common share
Basic earnings per common share (in dollars per share)

0.44

0.55

0.80

0.76

0.77

0.00

0.51

0.62

0.60

0.26

0.77

0.48

0.44

0.57

0.49

0.43

0.37

0.46

0.70

0.48

0.42

0.71

0.56

0.48

0.46

-

0.55

-

-

-

0.31

0.65

-

-

-

-

-

-

-

Basic and diluted earnings per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.46

0.42

-

-

-

0.52

-

0.49

0.43

0.47

0.59

0.52

Diluted earnings per common share (in dollars per share)

0.44

0.54

0.80

0.75

0.77

-0.01

0.51

0.62

0.60

0.24

0.77

0.48

0.44

0.56

0.49

0.43

0.37

0.45

0.70

0.48

0.42

0.70

0.56

0.48

0.46

-

0.54

0.46

-

-

0.31

0.65

-

-

-

-

-

-

-

Average common shares outstanding - basic (in shares)

2,708

-

2,698

2,698

2,698

-

2,271

2,271

2,271

-

2,204

2,164

2,152

-

2,146

2,146

2,144

-

2,136

1,864

1,781

-

1,770

1,770

1,769,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Average common shares outstanding - diluted (in shares)

2,723

-

2,719

2,715

2,712

-

2,291

2,288

2,285

-

2,220

2,182

2,168

-

2,158

2,156

2,153

-

2,148

1,876

1,792

-

1,787

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Average common shares outstanding (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,460

-

-

Comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,930

1,349

719

-

-

Average common shares outstanding (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,457,404

1,432,261